Charging Policy
• Directors and staff (including cashiers, secretaries and support staff) are allocated a charge out rate which is reviewed from time to time
• Time is recorded in 6 minute units
• Time spent by Directors and staff (including cashiers, secretaries and support staff) in relation to the Insolvency estate is charged to the estate
• Time billed is subject to Value Added Tax (VAT)
Disbursements Policy
• Only expenses and disbursements properly incurred in relation to an Insolvency estate are re-charged to the estate
• Disbursements paid by MLM CPS Limited and re-charged to the Insolvency estate are charged at cost value
• General office overheads are not re-charged to the Insolvency estate as a disbursement
• Any payments to associated parties will only be made with the prior approval of creditors
• Disbursements that are not capable of precise identification and calculation (e.g. part of a share or allocated cost) will only be paid with the prior approval of creditors
• Where applicable, expenses and disbursements re-charged to or incurred directly by an Insolvency estate are subject to VAT (except directly attributable travel expenses).